Lately, l've been reflecting on my retirement plans and questioning whether my 401(k) and IRA will ensure a secure future. Additionally, I've invested $800K in the stock market but I have experienced fluctuations and modest returns. I'm seeking an approach that matches my risk tolerance and aligns with my financial goals.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a year now. Starting with less than $200k and being just $19,000 away from making half a million in profit.
Graham David Fullerton is among the most accomplished portfolio managers in the industry, widely acknowledged for his outstanding work. I highly recommend taking a closer look at his impressive portfolio.
Same here pal 👍 I left school at 15 and have worked all my life and have never claimed benefits,at 68 I’m still working and paying taxes because my state pension is not liveable.
Am in my 51st year off full time work. I have paid my national insurance and taxes for 51 years. I can't afford to stop work because of the cost of living. I believe I will drop dead at work. Shame on all are governments and party's for putting so many of us in this position
I’ll be 79 in November and still have to work. Plus we’ve had the winter fuel payment removed, to be given to people that haven’t paid a penny into our economy.
Actually the UK National Debt Clock clicked up £3 Trillion worth of debt on 4th July ironically & has continued to rise at an average rate of at least £5187 per second ever since.
I’ve worked all my life from leaving school on the Friday starting work on the Monday I’ve paid all my dues to the country the pension is what I paid into all my working life I’ve lost out once with the government not telling us they where altering the pension age the government owe us lady pensions a great deal of money when are they going to sort that out I’m 72 are they going to wait till we are all dead or get us with stopping our winter fuel money pensioner’s are feed up as well ❤️🇬🇧
Keir Starmer has actually fixed his own pension so that he cannot be taxed on it. "I could actually scream," talk about double standards, I am a pensioner by the way.
How dare they call pension a benefit , a cost to younger people being taxed to support pensioners. We actually worked from leaving school, paying towards a pension until retiring at 66. Pensions were bought and payed for, not given to us as a benefit. Totally insulting. Government after government, squandered and pilfered the payments, and dare to pretend their giving us a pitiful pension to live on ,compared to other countries.
You worked and paid taxes to cover the govt budgets. Not your pension specifically. They are totally a benefit and you only get them because people now are getting taxed to cover the costs. Any claims about how " I paid for my own pension" is simply delusional from a generation responsible for every crisis hitting people now - falling public services, skyrocketing inflation and energy costs, need we mention brexit and blatant tory corruption and giving away billions to their friends.
@nathijomac You need a reality check- it is not a benefit if you've contributed required amount NI - how the Government invest the money "should" be for our "benefit" but not only do they raid the kitty but then move the goal posts by introducing laws to "extend" pension age!!! No different to "asset" stripping which is deceitful!!!
@nathijomac if it's a benefit why do we pay for dentist full rates and can't go to food bank because they ask are you on a benefit because state pension is not a benefit only if you are on pension credit it's a benefit
I lost 40% of my small pension private in the 2008 crash, now I'm also being taxed 20% on whats left....total amout I now recieve, per year, is £405, that's per YEAR...thank you banks and government...
@nathijomac In my world I pay 90% tax on 3 policies = 50% on 1 & 40% on 2 policies as they cannot tax u on Government pension or 100% so they will take 90% from any private policies you receive!
State Pension ISN'T a benefit. If people have paid in all their working lives, then surely it should be classed as getting a return on what was invested? Pension credit is a benefit, paid to those who have only the state pension to live on, but the pension itself is not.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
I want to know why MP are keeping there winter fuel allowance, if the elderly are losing their, the MP should also lose their it's only fair. But let's wait and see if this government can be trusted, to do the right thing. I hope they do.
@@theresawinchester3834 YOU MUST BE JOKING ,RACHEL REEVEs,also know as RACHEL THEIVES. GETS 3500£ HEATING ALLOWANCE ,DO YOU REALLY THINK SHE WOULD GIVE THAT UP,CUS,I WOULDNT.
Where in Law does it say that? Just to help you it doesn't, I am afraid you are incorrect however much you would like it to be a right! it is classed as a benefit and the comes from the Social welfare Budget and the rate is set at whatever the Government wants.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
I'm too young to confirm this, but my Dad says Labour have never done anything worthwhile. "They take money from people who get up at five, and give it to lazy buggerds who get up at noon".
@@richardleonard1848 Actually you are correct that they were in power when the NHS was founded, but it had actually been proposed by the previous Tory government.
The people making pensioners poorer are those inflating fixed income value away, the biggest benefit of this is the tiny parasite class, accumulating wealth through unearned passive income streams
Where do you think money comes from lol… The government print the money and the people make it worth something. You don’t have money without the government and you don’t have wealth without demand driven by people which is massively impacted by the decisions of the government.
Im in my 70's and still doing a part time job so i can keep my house maintained - literally - because theres nothing left from state pension to do this after paying essential bills. I spoke to a co worker just last night who is also a pensioner and who voted labour. He was moaning that the winter fuel allowance was being ripped away. I laughed. He is old enough to have lived through several labour governments and he still voted for them. He's reaping what he sowed now.
A pension is not a benefit if you have worked and paid into it. The individual who has paid into it has every right to it. The government helping themselves to pensioners funds is, in fact, reality. Bad management has caused this problem in the first place. One of the biggest crimes committed daily is the theft of other peoples time and money. Anything that has been paid for should indeed be honoured. If funds have been squandered elsewhere????? Who has caused the problem? Therefore, caused and responsible for that problem. What about people who died and never even claimed a pension?
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
Exactly. I’m worse of than all on pension credit and I worked all my life, brought up three kids and never claimed a penny in benefits - I can tell you, I was on the bread line for years - at one time I had three part time jobs ….
FAIR? My private pensions were devalued by roughly 40% during the 2008 crash as they were linked to the FTSE. If I'm now eligible to claim a small amount of pension credit, plus the other actual benefits that entitles me to, then I'm only getting back some of my own money I paid in over my entire 50 yr. working life.
I’ve worked for over fifty years they better not even think about touching peoples pension they will come unstuck it’s my entitlement that I’ve paid into
@colinturner4158 They've already touched it - giving pensioners an "increase" claiming it's 8.5% (but giving tax back to HMRC? - how is this increase 8.5%?
@@user-hw7ny8ts3z That was what the triple lock was for. Uk pensions were so far behind the rest of europe so the triple lock came in. But let's just look at that yes it's an increase but it comes off a very low base plus whatever inflation happens to be. I gleefully tried to decide what I would do with my increase of £8. Another point was that the triple lock can push you into paying more tax. Whoever works out these payments and benefits is a very clever person as I don't qualify for ANY benefits and am just over the threshold to get anything. Problem with pension credit is that it is a cliff edge benefit so you only need to be a £ or two over the threshold and you get nothing and that now includes winter fuel payments. Labour know this so don't be fooled by the push to get more people to apply for pension credit. If you and your partner have combined incomes that exceed the threshold even slightly you will get nothing. We often hear the phrase"Rich Pensioners". Labour have decided that you must be rich if you have £13k a year coming in for a couple.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
I worked from the age of 15 until the age of 70 and paid my pension national insurance and the more overtime I worked the more I paid in I don’t see why we should penalised
Governments are in debt. The UK amongst the most. If they cared about pensions provision , why did the last labour Government tax pension fund dividends ?
Five years time. The way it's panning out, you won't be allowed to vote. There will be no pension, despite us all paying in for 4 decades. And everything in Arabic.
The big problem is, too many people refuse to work. They spend their lives, scrounging from the state, then, us the working people, pay our taxes to pay for their pensions.
It’s a Ponzi scheme, South Korea is finding out that without a constant supply of new wage slaves born, the whole thing will fall apart in a not so distant future
@@Human_Herbivore and when you give it to the 1% they funnel it offshore and reduce the actual monetary transfer between people and businesses in the UK.
@@chatham43 youtube austerity, the history of a horrible idea, mark bylth, an professor of economics, he explains it better then anyone could. and he sounds like the donkey from shrek so its easy to listen to dry stuff.
It's a common misunderstanding of the UK state pension. The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
@@jamieakahenry Find a better job that pays well. I went to University ( I have zero O levels) for the first time in my late 40’s. Went on to run my own BI company. Made enough money to retire at 65. ( For pension I only have my state pension)I am still a director of the company and take Emoluments from it. I am still paying more tax than my state pension by a long way. I just don’t pay NI.
Just put your pension 100% in global equities tracker, over time no active funds ever beat this and they charge far higher fees. DO NOT let the government choose your investments 🤯
I started work at 16... retired at 66, never out of work, never claimed benifits, paid my taxes, paid my NI contributions. My generation paid the Pensions of the generation before us (including those of poLIEticians) so this generation can pay for mine. If they believe they cant afford to, they should hold the Government responsible, not pensioners.
We funded the older people’s pensions while we worked. It’s how it works. We also paid for the education and health services for the current younger persons.
The boomers were the largest generation of workers ever. The funded the elderly care of a smaller generation who did not have high expectations.. Now the boomers are the elderly. They expect a smaller generation of workers to fund their elderly care, and have a much higher expectation of what that should be.
Not anymore because the ratio of working people vs older people is declining so fast that it becomes unsustainable. You should ask yourself why the immigration skyrocketed 3X after Brexit. Changing demographics have everything to do with it but sadly enough most people do not understand this detail and make life too simple like you do and prefer to listen to charlatans like Farage and Johnson who give you comforting alternative reasoning.
@@johnrussell3961they were also the luckiest with a degree of opportunity never gifted to a generation. Largely because their parents learned the hard way spilling their blood in wars and poor working conditions.
We weren’t told that. We were told we were paying into our pensions. Now it’s a benefit. They change the rules to suit and people actually fall for it. May I add my old pay slips say x £ deduction pension payment (not benefit).
@@qeitkas594 I see your another tossers who thinks I am lead my other people. What you say is besides the point, unless you are saying the thinking of Bojo, Farage and others in the Tory party is correct. That is the NHS should become private, no more State Pensions should be paid. When the State Pension and the NHS was created the money to pay it was from Taxation. That is current tax payers pay the bill. Some people who are retired like myself pay more in tax than they receive from my State Pension still. I started paying over 55 years ago and still pay. The only thing I don’t pay is NI. As for Brexit, have we left the EU. I don’t think so. The only way to leave was on WTO terms, This never happened.
Already paying tax on a small works pension ,and every year the rise on it all is taken in tax with the threshold froze . All people on a lower income would be far better off with the threshold increasing
I’ve been a pensioner for over 2 years now and receive State Pension When I first started working the law was that if you had not worked for a company for 5 years then the company had to make payments to the government pension scheme etc and then reimburse you with the extra you had paid into their company scheme. This happened to me a number of times. I left my job when I started a family as my husband regularly worked away from home and refused to support my return to work. After my divorce I worked supporting my children and again paying into a company pension scheme but now the law was that pension contributions must be left in situ. I did work at one company for a number of years but was unable to afford to pay into the company pension scheme as I had to support my children as their father avoided paying any maintenance. I had worked sufficiently to be entitled to the full State Pension, however I was shocked to learn that those who have made no contributions at all receive the same amount of money paid as Pension Credit.
Yes I agree this does seem not to be fair. If you don't work enough years to pay in for a full pension you get Pension Credit which tops things up and a gateway to other benefits. Bit of a joke when many others have worked all those years! My sister with no children worked 47 years but gets nothing for extra years worked and N.I. paid in.
So did i. I worked part time while my 2 children were small. I paid a full stamp even though i could have pai the married womans reduced amount. I also paid into the company pension scheme AND paid an equivalent amount into an Additional Voluntary Contribution Scheme as if i was working full time which at the time was £4 a week. That small payment then now pays me back at £197 a month and rises each year by a %. Im SO GLAD i did this. I needed the money then - but I need it even more now
Pension credit is an unfair and divisive payment for those who did not pay national insurance contributions Stop pension credit and make the state pension fair and not divisive.
I am attempting to get my local pensioners (long term labour voters), to never vote LABOUR again. With taxes on pensions, restarting taking NI, removing our winter vold weather payments and talking about the triple lock,....labour got elected on nothing more than a pack of lies. Get them out asap.
Question: the winter fuel allowance is being ripped away. Pensioners will have to find that money from somewhere else. I have a quite small private pension ive delayed in receiving for 5 years for just such a situation. Ive decided i'm going to start receiving it in September. No doubt many others will do the same. This will reduce the amount of money in 'pension pots'. Will this affect the economy and the amount of money the 'government' will be able to pilfer out of them and ultimately off us?
“The problem with socialism is that you eventually run out of other people’s money.” Margaret Thatcher said this in 1976. I fully appreciate that this name will go down like a wet bag of sick on a buffet table to LBC listeners and viewers.
But she spent our money too, by selling off the infrastructure cheap, that we paid for. Thats one of the reasons we now have a housing crises, and a water, rail and bus crises. In fact Tatcherism otherwise called neo Liberalism is loved by robber barrans.
I would like the National Insurance Stamp back that I have paid from 1969 until 2016 so then I can spend it as I want. They say in law it is a benefit, look at your letters from DWP when you ask for a quote concerning your pension. To receive your pension, you have had to pay into the scheme for a certain number of years, it is in black & white I am sure with a group action you could challenge it being BENEFIT.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
Cost of living crisis. Yes it affects us poor plebs but not the people who make the biggest decisions. I worked a few hours a week at a takeaway 10 years ago - there were 14 employees. Today that same takeaway with the same management has just 3 because people cant afford them so often now. Thats a massive decrease!
The are taking away the winter fuel allowance. Pensions are likely to be frozen as is the tax free allowance which im sure they will freeze again. No doubt they will attack ISA's by lowering the amount you can save tax free. Tax free allowance from share Divis shares could be lowered or they will reintroduce the 10% automatic tax they were subject to before. Watch out there could be another recession as people save less and spend less. An lets not forget the cashless 'society'is being forced upon us. 'Big Brother will know exactly how much money you have what you spend it on how you spend you leisure time etc. I was in Sainsburys yesterday. None of the tills were working. Chaos ensued. Imagine the goverment in control of something as simple as that-you cant buy anything at all without their knowledge. And tgey can hokd you to randsome. Dark days ahead...
There is a BUCKET-LOAD of money in the country! The problem isn't a lack of money, but the lack of money where it is needed! The upper echelon of society has grown massively rich over the last few decades ... whilst, at the same time, the normal guy (by that, I mean anyone earning less than £150k a year) has been losing ground! The solution is REDISTRIBUTION of money! Society CANNOT grow if the general population isn't able to spend! The rich don't spend...they invest...and mostly offshore!
1% of taxpayers, approximately 34000 people pay one third of all tax They pay more than their fair share.Without these people , public services would be in an even worse state Furthermore these people can leave the UK very easily .Be careful what you wish for !
@@neilgibbs3185 the top rate of tax is twice the bottom .If this 34000 are paying the proportion of tax you say then they must be earning far more than twice the bottom.Wealth distribution in reverse which if it continues can only lead to a bust economy.Maybe thats the aim
My friend’s private pension only just replaces what he would have otherwise received in pension credits if he didn’t have a private pension. However this now means that he isn’t paid the winter fuel allowance as it can now only be claimed if you’re receiving pension credits. He will be over £1 worse off a year. He has stated he won’t be heating his home this winter as a result. This is either cruel politics, or a serious mishap in calculations - the threshold should have been set a lot higher.
@@seamuspadraigsanders431 There is an argument to reconsider our approach to funding national infrastructure. The drive towards profit is the reason our infrastructure has seen minimal investment and the extraction of large profits by investment funds etc.
@@theolddog5129 The issue I have here is a government with 0 experience, 0 track record is pretending to make decisions that are coming from back office, who do have a recorded history of repeated and gargantuan failure.
Shame we pensioners now were conned into paying N I for our pension we paid 40 years many now are not starting to pay until mid 20's and then goes off sick with some kind of illness many skiving the system don't want to work,we paid at 15, 44 hours a week £3 17s 6d had to work not wanted to so we had an easy life should have tried it back in the old days.
What I cannot understand about UK Pension companies is why it is that the default pensions invest in mainly UK Funds (and a high pc of low paying bonds) which have high costs and poor performance and barely keep up with inflation. Most investors would agree that a low-cost world ETF plus a few others (S&P500, emerging, etc.) and fewer bonds unless nearing retirement age is the best strategy. So why do pension companies not do this? Surely the more our pension pots increase, the more %age the pension companies earn from their charges. So they must be getting 'encouragement' to invest in poorly performing UK stocks - so how does it work? What is the big secret?
My private pension is my money. Successive governments have already had their share of my income. I simply do not trust any government when they are meddling with peoples investments, you can rest assured their priority will be to promote thir own agenda over that of investors.
I guess I am fortunate to have invested in a private workplace pension for 45 years. If I had to only rely on the state pension, I dont know how I would survive. I worry about my son's futures as pensioners and worry even more if and when they have children.
yep like many others i did this ,giving up on lots of stuff like hoildays etc ,now because my private [paid for by me] plus the state takes me over the tax threshold I now pay tax at 20%,overall tghis means that what i actually get is less than half what the gvts figures say is needed for a minimum standard of living mmm bus and thrown under springs to mind
In other words, if you have worked all your life, managed to put a bit aside, then you are a criminal, it all belongs to those who scrounged off the system , or just turn up on the beach.
Because of the way it was paid out from day one(without any money in the kitty)people have never paid for their own,but for the people who were retired.
At 67 or 68 you give state pension I do not know if i will be still alive at this year Ive worked like donkey in the care industry carehome residential home with elderly In hospital Am still working at the age of 63 so why governmement not giving state pension Istead of people coming all around uk Not working and never worked Having house money free for shopping also child benefits ect All this should be changed Look at people who Truly working and deserve My husband was sick man Cardiac patient worked till the age of 70 and died at this age He was a working man Very hard working in Hospital as a charge nurse in ITU
The Tories said that the pension was a benefit when the WASPI women challenged them. We were told all our working lives that paying a pension was a contractual agreement with the government but now its no longer the case.
As if we did not pay for those on pensions before us ! This is not a new thing. The only problem is that politicians have worked over the years to reduce our population through measures against the family, moving our well paid skilled jobs abroad and not building houses.
Lately, l've been reflecting on my retirement plans and questioning whether my 401(k) and IRA will ensure a secure future. Additionally, I've invested $800K in the stock market but I have experienced fluctuations and modest returns. I'm seeking an approach that matches my risk tolerance and aligns with my financial goals.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a year now. Starting with less than $200k and being just $19,000 away from making half a million in profit.
Graham David Fullerton is among the most accomplished portfolio managers in the industry, widely acknowledged for his outstanding work. I highly recommend taking a closer look at his impressive portfolio.
I just checked him out on google and I have sent him an email. I hope he gets back to me soon.
The usual spam thread
The last person to enter the Houses of Parliament with honest intentions was Guy Fawkes....
Can we find another one.
No, no, no you have to credit to the Luftwaffe as well, they tried hard in the 1940’s
Great comment....!
Yes, his real weakness was he had dodgy mates, so the problem remains.
Was he a pensioner 😂
After 56 years of paying national insurance, i think I've paid for my own pension...
Same here pal 👍 I left school at 15 and have worked all my life and have never claimed benefits,at 68 I’m still working and paying taxes because my state pension is not liveable.
You haven’t, that’s the problem. You’ve paid for the pension of the generation before you.
Only if you’re a top 10% earner.
@@sid35gb Nonsense! It’s all relative to your earnings in fact the lower your income the more in proportion you will have paid.
The State Pension is now a benefit not a right....
Am in my 51st year off full time work. I have paid my national insurance and taxes for 51 years. I can't afford to stop work because of the cost of living. I believe I will drop dead at work. Shame on all are governments and party's for putting so many of us in this position
I'm 70 and still working
@@chrisdavey9985 Me too.
@@chrisdavey9985 And you're not paying National Insurance
I’ll be 79 in November and still have to work. Plus we’ve had the winter fuel payment removed, to be given to people that haven’t paid a penny into our economy.
me too
Stop paying out billions in foreign aid per year when the UK is in over £3 trillion in debt.
Actually the UK National Debt Clock clicked up £3 Trillion worth of debt on 4th July ironically & has continued to rise at an average rate of at least £5187 per second ever since.
And the labourites have just increased it again.
The UK is in £2.8 trillion of sovereign debt. But, the liabilities of public sector pensions are also about £2.8 trillion. Add the two together...
Foreign aid,10 million a day for illegals and 3 billion a year for Ukrainian for as long as it takes . Do the sums !
@@leeevans9654 And they are putting it up.
A pensions isn't a benefit it is money paid back to us that we paid other pensioners in the past.
In short it is our own money not anyone else's.
in short its a system that steals from the next generation,
@@lucidnightmare7820 like it stole from us !!
spot on
Agreed
Exactly, my last vote ever for Labour.. Never again
ITS NOT A BENEFIT, ITS OUR RIGHT
Legally it's a benefit , but a rose......
We’ve been kicked in the teeth by this New shower, disgraceful that pensioners have to decide whether to heat or eat
@@normanpearson8753You pay into a pension so how do you see it as a benefit?
We pay for our pension it not a benefit.
I’ve worked all my life from leaving school on the Friday starting work on the Monday I’ve paid all my dues to the country the pension is what I paid into all my working life I’ve lost out once with the government not telling us they where altering the pension age the government owe us lady pensions a great deal of money when are they going to sort that out I’m 72 are they going to wait till we are all dead or get us with stopping our winter fuel money pensioner’s are feed up as well ❤️🇬🇧
They call it a benefit so they can justify stopping it !!!!!
It is not a benefit
Keir Starmer has actually fixed his own pension so that he cannot be taxed on it. "I could actually scream," talk about double standards, I am a pensioner by the way.
It's called looking after himself
46 years paying in, if this is true it's disgusting.. we pensioners are the ones that paid it in..
How dare they call pension a benefit , a cost to younger people being taxed to support pensioners. We actually worked from leaving school, paying towards a pension until retiring at 66. Pensions were bought and payed for, not given to us as a benefit. Totally insulting. Government after government, squandered and pilfered the payments, and dare to pretend their giving us a pitiful pension to live on ,compared to other countries.
You worked and paid taxes to cover the govt budgets. Not your pension specifically. They are totally a benefit and you only get them because people now are getting taxed to cover the costs. Any claims about how " I paid for my own pension" is simply delusional from a generation responsible for every crisis hitting people now - falling public services, skyrocketing inflation and energy costs, need we mention brexit and blatant tory corruption and giving away billions to their friends.
It is a benefit. You don't pay towards the gov't pension, you pay taxes
@nathijomac You need a reality check- it is not a benefit if you've contributed required amount NI - how the Government invest the money "should" be for our "benefit" but not only do they raid the kitty but then move the goal posts by introducing laws to "extend" pension age!!! No different to "asset" stripping which is deceitful!!!
@@user-hw7ny8ts3z you need to open a book and learn what definitions are and how things are funded.
@nathijomac if it's a benefit why do we pay for dentist full rates and can't go to food bank because they ask are you on a benefit because state pension is not a benefit only if you are on pension credit it's a benefit
I lost 40% of my small pension private in the 2008 crash, now I'm also being taxed 20% on whats left....total amout I now recieve, per year, is £405, that's per YEAR...thank you banks and government...
I get £510 per year so better (just) I also will need to live to 84 to break even on the money I paid into my Sun Life of Canada pension..
jesus
My private pension pays before tax £139, after tax £66!!!!!!! That means me as a 70 year old pensioner is paying tax on it of 60%
@robinwalmsley896 in no world do you pay 60% tax
@nathijomac In my world I pay 90% tax on 3 policies = 50% on 1 & 40% on 2 policies as they cannot tax u on Government pension or 100% so they will take 90% from any private policies you receive!
State Pension ISN'T a benefit. If people have paid in all their working lives, then surely it should be classed as getting a return on what was invested? Pension credit is a benefit, paid to those who have only the state pension to live on, but the pension itself is not.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
@@helenpixels I only get the state pension to live on,but I can't claim pension credit.
@@helenpixels
I want to know why MP are keeping there winter fuel allowance, if the elderly are losing their, the MP should also lose their it's only fair. But let's wait and see if this government can be trusted, to do the right thing. I hope they do.
Are you living in cloud cookoo land
The only thing this Government can be trusted to do is feather their own nests and protect their own pensions.
@@theresawinchester3834 YOU MUST BE JOKING ,RACHEL REEVEs,also know as RACHEL THEIVES. GETS 3500£ HEATING ALLOWANCE ,DO YOU REALLY THINK SHE WOULD GIVE THAT UP,CUS,I WOULDNT.
and they can claim for second homes. Starmer and co should all resign
This goverment will finish the country off I do not trust this government one inch.
I don't trust the Tory's either
@@randybackgammon890only Reform will change things for the better
Rachel Reeves who struggles on her & her husbands salary, oh dear & she’s in charge
I DONT BELIEVE A WORD OF THAT STATEMENT,THE MONEY SHES ON,AND HOW MUCH DOES HER HUSBAND MAKE
Where have seen her say she struggles. And would you prefer that she stayed in private finance and focussed on enriching herself only?
I wouldn't trust them to organise a pisx up in a brewery if the beer was free.
Labour, don't gamble with our future state pension that we have worked a lifetime for.
To late Labours Gormless Brown had already thieved the cream.
We paid for a pension.successive governments have pilferering our money for years....
@@JenniferBartlett-xi3tq why don't you say what you really mean, IE, STOLEN.
It's not a benefit, it's a right. Pay attention to the language all politicians use.
Where in Law does it say that?
Just to help you it doesn't, I am afraid you are incorrect however much you would like it to be a right! it is classed as a benefit and the comes from the Social welfare Budget and the rate is set at whatever the Government wants.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
I'm too young to confirm this, but my Dad says Labour have never done anything worthwhile. "They take money from people who get up at five, and give it to lazy buggerds who get up at noon".
Your Dad's spot on. I have seen every Labour government since WWII and they all failed financially.
As someone as old as your Dad he's spot on, sit back and learn, as we did.
Labour introduced the NHS
@@davidoldboy5425 NHS
@@richardleonard1848 Actually you are correct that they were in power when the NHS was founded, but it had actually been proposed by the previous Tory government.
WE paid in to our pensions, it is our money not Keir Stalin's.
Big mistake HUGE... Pick on the pensioners at your peril, do you really think we will vote for you again... NO 😊
@@ferretfriend5458 I didn't vote for him
@@veronicasavage1182 no actually I didn't either 😕
I did not but husband did
I didn't vote labour either
They will make pensioners all poorer.
@thetruthful8388 No doubt "their" parents- if they're still alive can afford their heating bills?
The people making pensioners poorer are those inflating fixed income value away, the biggest benefit of this is the tiny parasite class, accumulating wealth through unearned passive income streams
All the money the gov has is the people's money.
Where do you think money comes from lol… The government print the money and the people make it worth something. You don’t have money without the government and you don’t have wealth without demand driven by people which is massively impacted by the decisions of the government.
So let's spend it sensibly, eh?
Essentially, the words of the divine Margaretl
It works the otherway around too. Apart from a few euros in my drawer, all the money I have is UK government issue.
Defund the govt
Confused about pensions? You will be after watching that
Especially as Wright interupts his expert guest at the moment the guest is going to explain how pensions work
How many are regretting voting Labour already?
Didn't vote for Labour or the Tories
14 years of Conservatives and Brexit stupidity wrecked the economy. blaming labour is silly
Im in my 70's and still doing a part time job so i can keep my house maintained - literally - because theres nothing left from state pension to do this after paying essential bills. I spoke to a co worker just last night who is also a pensioner and who voted labour. He was moaning that the winter fuel allowance was being ripped away. I laughed. He is old enough to have lived through several labour governments and he still voted for them. He's reaping what he sowed now.
So thay should
Flecking thousands but they won't be bitten twice, that's labour ending it's second term already
He doesn't care about pensioners if they freeze to death. He worth7.7 million he's not bothered. Absolutely disgusting
A pension is not a benefit if you have worked and paid into it.
The individual who has paid into it has every right to it.
The government helping themselves to pensioners funds is, in fact, reality.
Bad management has caused this problem in the first place.
One of the biggest crimes committed daily is the theft of other peoples time and money.
Anything that has been paid for should indeed be honoured.
If funds have been squandered elsewhere?????
Who has caused the problem?
Therefore, caused and responsible for that problem.
What about people who died and never even claimed a pension?
Casino capitalism with our pensions. What could possibly go wrong?
@martinhambleton5076 Guilt tripping us but not revealing deaths that occur & how the Treasury "benefits"!
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
It's not anything BUT DOWNRIGHT. THEFT OF PENSION MONEY BY GOV. IF YOU STOLE THAT AMOUNT OF MONEY YOU WOULD BE IN JAIL.
Or is it to pay for more immigrants
Exactly
Us pensioners paid years of tax we gave our share i paid in 45 years my partner paid in 52 years so leave us pensioners alone !!!!
This is what happens when your manufacturing and engineering is asset stripped and sent abroad. A country full of automated warehouses.
Stop the pension credit it’s not fair to people that have worked and paid contributions for years.
Exactly. I’m worse of than all on pension credit and I worked all my life, brought up three kids and never claimed a penny in benefits - I can tell you, I was on the bread line for years - at one time I had three part time jobs ….
Agree,
100% correct . Rewards not working & feckless people
FAIR? My private pensions were devalued by roughly 40% during the 2008 crash as they were linked to the FTSE. If I'm now eligible to claim a small amount of pension credit, plus the other actual benefits that entitles me to, then I'm only getting back some of my own money I paid in over my entire 50 yr. working life.
I’ve worked for over fifty years they better not even think about touching peoples pension they will come unstuck it’s my entitlement that I’ve paid into
@colinturner4158 They've already touched it - giving pensioners an "increase" claiming it's 8.5% (but giving tax back to HMRC? - how is this increase 8.5%?
@@user-hw7ny8ts3z That was what the triple lock was for. Uk pensions were so far behind the rest of europe so the triple lock came in. But let's just look at that yes it's an increase but it comes off a very low base plus whatever inflation happens to be. I gleefully tried to decide what I would do with my increase of £8.
Another point was that the triple lock can push you into paying more tax.
Whoever works out these payments and benefits is a very clever person as I don't qualify for ANY benefits and am just over the threshold to get anything.
Problem with pension credit is that it is a cliff edge benefit so you only need to be a £ or two over the threshold and you get nothing and that now includes winter fuel payments.
Labour know this so don't be fooled by the push to get more people to apply for pension credit.
If you and your partner have combined incomes that exceed the threshold even slightly you will get nothing.
We often hear the phrase"Rich Pensioners". Labour have decided that you must be rich if you have £13k a year coming in for a couple.
tories spent your pension on tax breaks to the rich
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
Watch them bring in an Euthansia bill. Be careful what you are encouraged to vote for which can so easily be ABUSED!
Just look at Canada
I worked from the age of 15 until the age of 70 and paid my pension national insurance and the more overtime I worked the more I paid in I don’t see why we should penalised
So they want to get their mitts on our pension and use it for other purposes. WHAT COULD POSSIBLY GO WRONG?????????
As usual these people are playing with peoples lives! It will nnever affect them
Governments are in debt. The UK amongst the most. If they cared about pensions provision , why did the last labour Government tax pension fund dividends ?
If so, why is the UK government giving billions to Ukraine?
@@doriangray6985to protect ourselves.
And Banks can bail themselves out.....out of their own profits, not out of the little pittance we have to live on.
Gordon Brown took £118 billion out of private pension schemes and we never got it back and have no idea where it went.
Five years time. The way it's panning out, you won't be allowed to vote. There will be no pension, despite us all paying in for 4 decades. And everything in Arabic.
Never been on decent wages. Only on £11.66 a hour now .age 64
Your being paid a lot
Labour governments have never been financially competent...never, ever!!😡😡🇬🇧
The big problem is, too many people refuse to work.
They spend their lives, scrounging from the state, then, us the working people, pay our taxes to pay for their pensions.
Wouldn't trust any politician , end of.
I trust Starmer and Reeves like a hole in the head.
Circular economy works, austerity certainly doesn't.
It’s a Ponzi scheme, South Korea is finding out that without a constant supply of new wage slaves born, the whole thing will fall apart in a not so distant future
@Human Explain...and no cutting and pasting.😊
@@chatham43 people earn more money, they spend it.
@@Human_Herbivore and when you give it to the 1% they funnel it offshore and reduce the actual monetary transfer between people and businesses in the UK.
@@chatham43 youtube austerity, the history of a horrible idea, mark bylth, an professor of economics, he explains it better then anyone could. and he sounds like the donkey from shrek so its easy to listen to dry stuff.
I would like to know why are councils paying £450 a week for rooms in shared houses to so called affordable housing companies like pivotal
How can it be a benefit when we paid for it our whole lives.
It's a common misunderstanding of the UK state pension. The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
We pensioners get the worst pension in Europe.
Labour will not get my vote or any other if they mess with it.
Well, as a youngish person. Do what you need to. I won't retire until I'm 98, which I'll be dead by then.
Mate your comment is killing me 😀🤣😂 You're right though 👌
Well okay, there's £6 trillion in unfunded liabilities for public sector & state pensions, so you owe £90k. How do you want to pay?
@@jamieakahenry maybe , or maybe the hayflick limit will be overcome. Like orange is the new black maybe 98 will be the new 40.
@@BenzkneesOver my lifetime, as everyone else has
@@jamieakahenry Find a better job that pays well. I went to University ( I have zero O levels) for the first time in my late 40’s. Went on to run my own BI company. Made enough money to retire at 65. ( For pension I only have my state pension)I am still a director of the company and take Emoluments from it. I am still paying more tax than my state pension by a long way. I just don’t pay NI.
Just put your pension 100% in global equities tracker, over time no active funds ever beat this and they charge far higher fees. DO NOT let the government choose your investments 🤯
Prity sure my final sal pensions going to beat it... Lets just bring them back for all, instead of the lucky few old people.
Totally agree
I started work at 16... retired at 66, never out of work, never claimed benifits, paid my taxes, paid my NI contributions. My generation paid the Pensions of the generation before us (including those of poLIEticians) so this generation can pay for mine. If they believe they cant afford to, they should hold the Government responsible, not pensioners.
I wouldn’t trust this government to walk my dog let alone my pension fund!
We funded the older people’s pensions while we worked. It’s how it works. We also paid for the education and health services for the current younger persons.
The boomers were the largest generation of workers ever. The funded the elderly care of a smaller generation who did not have high expectations..
Now the boomers are the elderly. They expect a smaller generation of workers to fund their elderly care, and have a much higher expectation of what that should be.
Not anymore because the ratio of working people vs older people is declining so fast that it becomes unsustainable. You should ask yourself why the immigration skyrocketed 3X after Brexit. Changing demographics have everything to do with it but sadly enough most people do not understand this detail and make life too simple like you do and prefer to listen to charlatans like Farage and Johnson who give you comforting alternative reasoning.
@@johnrussell3961they were also the luckiest with a degree of opportunity never gifted to a generation.
Largely because their parents learned the hard way spilling their blood in wars and poor working conditions.
We weren’t told that. We were told we were paying into our pensions. Now it’s a benefit. They change the rules to suit and people actually fall for it.
May I add my old pay slips say x £ deduction pension payment (not benefit).
@@qeitkas594 I see your another tossers who thinks I am lead my other people. What you say is besides the point, unless you are saying the thinking of Bojo, Farage and others in the Tory party is correct. That is the NHS should become private, no more State Pensions should be paid. When the State Pension and the NHS was created the money to pay it was from Taxation. That is current tax payers pay the bill. Some people who are retired like myself pay more in tax than they receive from my State Pension still. I started paying over 55 years ago and still pay. The only thing I don’t pay is NI. As for Brexit, have we left the EU. I don’t think so. The only way to leave was on WTO terms, This never happened.
Do we trust government 🤔let me think about that . 😂🤡
There's loads of money in the kitty, they keep giving it away without accountability.
Get labour out
What to expect? Labour out in five years
Already paying tax on a small works pension ,and every year the rise on it all is taken in tax with the threshold froze . All people on a lower income would be far better off with the threshold increasing
I’ve been a pensioner for over 2 years now and receive State Pension
When I first started working the law was that if you had not worked for a company for 5 years then the company had to make payments to the government pension scheme etc and then reimburse you with the extra you had paid into their company scheme. This happened to me a number of times. I left my job when I started a family as my husband regularly worked away from home and refused to support my return to work.
After my divorce I worked supporting my children and again paying into a company pension scheme but now the law was that pension contributions must be left in situ. I did work at one company for a number of years but was unable to afford to pay into the company pension scheme as I had to support my children as their father avoided paying any maintenance.
I had worked sufficiently to be entitled to the full State Pension, however I was shocked to learn that those who have made no contributions at all receive the same amount of money paid as Pension Credit.
A lot of married women were disadvantaged by there only being a married stamp which meant that when they retired they did not get as much pension.
Yes I agree this does seem not to be fair. If you don't work enough years to pay in for a full pension you get Pension Credit which tops things up and a gateway to other benefits. Bit of a joke when many others have worked all those years! My sister with no children worked 47 years but gets nothing for extra years worked and N.I. paid in.
@@Checkit666Actually you had a choice. I opted for paying for full stamp despite marrying young at 19. Lots didn't do this though.
So did i. I worked part time while my 2 children were small. I paid a full stamp even though i could have pai the married womans reduced amount. I also paid into the company pension scheme AND paid an equivalent amount into an Additional Voluntary Contribution Scheme as if i was working full time which at the time was £4 a week. That small payment then now pays me back at £197 a month and rises each year by a %. Im SO GLAD i did this. I needed the money then - but I need it even more now
@@Jan-sn5tk
Yes hard to plan for the future when the Govt changes the goalposts! Lot to take in when young and have to plan ahead.
You should have been more worried about what Liz truss did to our pensions, my own fund dropped by 38k overnight
And I assume it hasn't recovered?
Kamikaze government.
@martin And where is it now?
Yep, my friend had a private pension and it lost a huge amount and still hasn't recovered.
Mine too. Thousands wiped out overnight
Whenever governments or local councils get involved with business or investment it always goes wrong.
First thing is terminate my tv licence to compensate for other losses.
Pension credit is an unfair and divisive payment for those who did not pay national insurance contributions
Stop pension credit and make the state pension fair and not divisive.
It indicates that the state pension is insufficient to live on. Do away with pension credit and put all pensioners on the minimum wage. Simple.
We have one of the lowest pensions in europe.
I am attempting to get my local pensioners (long term labour voters), to never vote LABOUR again. With taxes on pensions, restarting taking NI, removing our winter vold weather payments and talking about the triple lock,....labour got elected on nothing more than a pack of lies. Get them out asap.
I have all the Said MPS and Councillor should Take pay cut
Question: the winter fuel allowance is being ripped away. Pensioners will have to find that money from somewhere else. I have a quite small private pension ive delayed in receiving for 5 years for just such a situation. Ive decided i'm going to start receiving it in September. No doubt many others will do the same. This will reduce the amount of money in 'pension pots'. Will this
affect the economy and the amount of money the 'government' will be able to pilfer out of them and ultimately off us?
throwing money at people who carried on working during covid without demanding it back hasn't helped
The company managing my pension went bankrupt in 2009. Was that my fault or the fault the government and bankers of that time?
Surely there was some protection from this happening by the financial services?
“The problem with socialism is that you eventually run out of other people’s money.” Margaret Thatcher said this in 1976. I fully appreciate that this name will go down like a wet bag of sick on a buffet table to LBC listeners and viewers.
But she spent our money too, by selling off the infrastructure cheap, that we paid for. Thats one of the reasons we now have a housing crises, and a water, rail and bus crises. In fact Tatcherism otherwise called neo Liberalism is loved by robber barrans.
Absolutely. She was spot on. Very astute woman.
What would happen if everyone removed their money from banks
That won’t work. They intend to cancel cash
why are we paying in if we have nothing to come !
I would like the National Insurance Stamp back that I have paid from 1969 until 2016 so then I can spend it as I want. They say in law it is a benefit, look at your letters from DWP when you ask for a quote concerning your pension. To receive your pension, you have had to pay into the scheme for a certain number of years, it is in black & white I am sure with a group action you could challenge it being BENEFIT.
The UK state pension is classed as a benefit. Its been that for decades. But it was recently reclassified and now the government, DWP, can, or will be able to shortly, secretly without your knowing access your bank accounts. Why? A tiered pension system. Your state pension will depend upon your personal assets. Property value, cash savings and public or private pension. Coming in the next five years
They are talking the same deal Brown did taking money from private pension companies, they intend to spend it on the non existing Net zero problem.
Less money coming in from auto enrollment.... Almost as if there's a cost of living crisis going on
Cost of living crisis. Yes it affects us poor plebs but not the people who make the biggest decisions. I worked a few hours a week at a takeaway 10 years ago - there were 14 employees. Today that same takeaway with the same management has just 3 because people cant afford them so often now. Thats a massive decrease!
Im a waspi woman that lost out on pension initially now the winter fuel payment has been cut im stumped, it will be eat or heat for me this year
The one thing they will do before the next March budget is scrapping the triple lock. As a pensioner I fully expect it coming.
The are taking away the winter fuel allowance. Pensions are likely to be frozen as is the tax free allowance which im sure they will freeze again. No doubt they will attack ISA's by lowering the amount you can save tax free. Tax free allowance from share Divis shares could be lowered or they will reintroduce the 10% automatic tax they were subject to before. Watch out there could be another recession as people save less and spend less. An lets not forget the cashless 'society'is being forced upon us. 'Big Brother will know exactly how much money you have what you spend it on how you spend you leisure time etc. I was in Sainsburys yesterday. None of the tills were working. Chaos ensued. Imagine the goverment in control of something as simple as that-you cant buy anything at all without their knowledge. And tgey can hokd you to randsome. Dark days ahead...
There is a BUCKET-LOAD of money in the country! The problem isn't a lack of money, but the lack of money where it is needed! The upper echelon of society has grown massively rich over the last few decades ... whilst, at the same time, the normal guy (by that, I mean anyone earning less than £150k a year) has been losing ground! The solution is REDISTRIBUTION of money! Society CANNOT grow if the general population isn't able to spend! The rich don't spend...they invest...and mostly offshore!
1% of taxpayers, approximately 34000 people pay one third of all tax They pay more than their fair share.Without these people , public services would be in an even worse state Furthermore these people can leave the UK very easily .Be careful what you wish for !
Well said most of us on 25K ish
@@neilgibbs3185the richest don't really pay tax whatever the audits say....and they can say anything
@@randybackgammon890
Facts are like kryptonite to bigots.
@@neilgibbs3185 the top rate of tax is twice the bottom .If this 34000 are paying the proportion of tax you say then they must be earning far more than twice the bottom.Wealth distribution in reverse which if it continues can only lead to a bust economy.Maybe thats the aim
Money for war
My friend’s private pension only just replaces what he would have otherwise received in pension credits if he didn’t have a private pension. However this now means that he isn’t paid the winter fuel allowance as it can now only be claimed if you’re receiving pension credits. He will be over £1 worse off a year. He has stated he won’t be heating his home this winter as a result. This is either cruel politics, or a serious mishap in calculations - the threshold should have been set a lot higher.
Putting it toward infrastructure creates jobs, helps regular people, and puts money in people’s pockets which would help the markets.
Finally, a government that sees the bigger picture.
Don't you need a profit.
You do, but even if you add fixed profits it is cheaper then to borrow with the current government debt @@seamuspadraigsanders431
@@seamuspadraigsanders431 There is an argument to reconsider our approach to funding national infrastructure. The drive towards profit is the reason our infrastructure has seen minimal investment and the extraction of large profits by investment funds etc.
@@theolddog5129 The issue I have here is a government with 0 experience, 0 track record is pretending to make decisions that are coming from back office, who do have a recorded history of repeated and gargantuan failure.
Shame we pensioners now were conned into paying N I for our pension we paid 40 years many now are not starting to pay until mid 20's and then goes off sick with some kind of illness many skiving the system don't want to work,we paid at 15, 44 hours a week £3 17s 6d had to work not wanted to so we had an easy life should have tried it back in the old days.
What I cannot understand about UK Pension companies is why it is that the default pensions invest in mainly UK Funds (and a high pc of low paying bonds) which have high costs and poor performance and barely keep up with inflation. Most investors would agree that a low-cost world ETF plus a few others (S&P500, emerging, etc.) and fewer bonds unless nearing retirement age is the best strategy. So why do pension companies not do this? Surely the more our pension pots increase, the more %age the pension companies earn from their charges. So they must be getting 'encouragement' to invest in poorly performing UK stocks - so how does it work? What is the big secret?
So pleased Richard Murphy is getting a broader platform. Such wisdom!
My private pension is my money. Successive governments have already had their share of my income.
I simply do not trust any government when they are meddling with peoples investments, you can rest assured their priority will be to promote thir own agenda over that of investors.
I guess I am fortunate to have invested in a private workplace pension for 45 years. If I had to only rely on the state pension, I dont know how I would survive.
I worry about my son's futures as pensioners and worry even more if and when they have children.
yep like many others i did this ,giving up on lots of stuff like hoildays etc ,now because my private [paid for by me] plus the state takes me over the tax threshold I now pay tax at 20%,overall tghis means that what i actually get is less than half what the gvts figures say is needed for a minimum standard of living mmm bus and thrown under springs to mind
WHERE IS KEIR STARMER IN ALL OF THIS. HE MUST HAVE AGREED FOR THIS TO HAPPEN
Labour was always going to be a disaster for this country.
They are doing great
@@lesleylamy Great at ruining what is left of the country !!!!!
stop ALL pension payments BUT payback all uk pension contributions stolen plus interest and jail the people who did this
This is 12 days old. We have been told no fuel allowance for 10,000,000 pensioners. Sniff of a u turn here I think.
In other words, if you have worked all your life, managed to put a bit aside, then you are a criminal, it all belongs to those who scrounged off the system , or just turn up on the beach.
Eight men now control as much wealth as the world's poorest 3.6 billion people, according to a new report from Oxfam International.
Because of the way it was paid out from day one(without any money in the kitty)people have never paid for their own,but for the people who were retired.
Lbc is the most far extreme left broadcast in the u.k I've voted Labour all my life but what the will do to pensions and tax scares me to death
minister investing our money yeah they have done a great job so far NOT
At 67 or 68 you give state pension
I do not know if i will be still alive at this year
Ive worked like donkey in the care industry carehome residential home with elderly
In hospital
Am still working at the age of 63 so why governmement not giving state pension
Istead of people coming all around uk
Not working and never worked
Having house money free for shopping also child benefits ect
All this should be changed
Look at people who Truly working and deserve
My husband was sick man
Cardiac patient worked till the age of 70 and died at this age
He was a working man
Very hard working in Hospital as a charge nurse in ITU
The Tories said that the pension was a benefit when the WASPI women challenged them. We were told all our working lives that paying a pension was a contractual agreement with the government but now its no longer the case.
But it's what you signed up to when you first started work that counts, otherwise it's breach of contract.
As if we did not pay for those on pensions before us ! This is not a new thing. The only problem is that politicians have worked over the years to reduce our population through measures against the family, moving our well paid skilled jobs abroad and not building houses.